Watching, monitoring, and analysing the economy and her markets is as much about tracking discourses (and how they change) as it is about perusing data material on various leading and lagging indicators. And thus, as I am still knee deep into putting the last touch on my thesis [1] I thought that I might as well move in with some random shots at what just might (or might not) be a subtle change of discourse in the context of the areas of the economy I am interested in.
Rallying Risky Assets no More?
The first... Continue Reading
Submitted ByClaus Vistesen
Watching, monitoring, and analysing the economy and her markets is as much about tracking discourses (and how they change) as it is about perusing data material on various leading and lagging indicators. And thus, as I am still knee deep into putting the last touch on my thesis [1] I thought that I...
Submitted ByClaus Vistesen
Sometimes no news is more telling than one might initially think and although it was hardly earth shattering for the market that the BOJ chose yesterday to keep its main benchmark rate sitting at 0.1% it does highlight the extraordinary difficulties Japan currently face in terms of sparking its...
Submitted ByTim Price
“The whole world is drinking poison to quench its thirst. It may feel like relief now, but the sickness will strike in 2012.” - Economist Andy Xie, referring to capital injections to stabilize the financial system. Karl Marx held that...
Submitted ByClaus Vistesen
In short, if the world economy is to get through this crisis in reasonable shape, credit worthy surplus countries must expand domestic demand relative to potential output. How they achieve this outcome is up to them. But only in this way can the deficit countries realistically hope to avoid...
Submitted ByClaus Vistesen
I shall openly admit that I have always found the exact role of the rating agencies a bit odd in the global financial system. I mean, do we really need them to tell us which bonds are good and which are not? I am not sure and what is more; rating agencies sometimes, if not all the time depending on...
Submitted ByTim Price
“1.40. The Mouse That Roared. *** Wry comedy. A tiny country faces bankruptcy.” - Film listing in The Radio Times, Sunday 10 January 2009. Whatever the dynamics of markets or current events, we tend to view the world through a...
Submitted ByClaus Vistesen
This piece was written before Christmas and will appear in the first 2010 edition of the Forex Journal. The data covers the market up until mid December.
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Old Maid is a card game where the simple task is to avoid holding a given card (often the queen of spades) at the end. Even in the company of...
Submitted ByClaus Vistesen
Last week was a good lesson in terms of what might, or what might not, happen when policy makers attempt to steer currency markets. Notwithstanding the obvious question of much how clout policy makers de-facto holds with respect to moving currency markets (not a lot I think), the outgoing finance...
Submitted ByClaus Vistesen
This is really a follow-up on my earlier piece today and my last 2009 piece on Eurozone imbalances and internal devaluation. In particular, I want to point you towards two things. Firstly, Edward has, no doubt after a long hard thought, come to the conclusion that Greece should be sent to the IMF...
Submitted ByClaus Vistesen
I am rushing this week so I won't have time for long and analytical pieces (no doubt to the joy of many :)), but I would be remiss if I did not point out this one for my readers which highlights the predicament Greece currently finds itself in even if a private bid is not significant in...
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